We started the session with the third quiz:
Quiz 3 solution: http://www.stern.nyu.edu/~adamodar/pdfiles/cfexams/CfQuiz3asolSpr19.xlsx
We then continued the class by looking at how different companies (Disney, Vale, BP, Microsoft etc.) are treated very differently by markets, when it comes to accumulating cash and why.
Post class test: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/postclass/session23test.pdf
Post class test solution: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/postclass/session23soln.pdf